Welcome to our dedicated page for Viasat news (Ticker: VSAT), a resource for investors and traders seeking the latest updates and insights on Viasat stock.
Viasat Inc (NASDAQ: VSAT) is a global leader in advanced satellite communications, delivering secure broadband solutions to consumers, enterprises, and governments. This page provides real-time updates on corporate developments, technological breakthroughs, and strategic initiatives shaping the future of connectivity.
Access authoritative coverage of Viasat’s three core segments: Satellite Services (in-flight Wi-Fi, rural broadband), Commercial Networks (hybrid terrestrial-satellite systems), and Government Systems (secure defense communications). Track earnings reports, partnership announcements, and innovations in direct-to-device connectivity or phased array antennas.
Key updates include regulatory filings, contract awards with defense agencies, advancements in non-terrestrial networks (NTNs), and global expansion efforts. Investors gain insights into operational milestones impacting VSAT’s market position in satellite broadband and secure government solutions.
Bookmark this page for streamlined access to Viasat’s press releases and curated analysis. Check regularly for developments in multi-orbit satellite systems, spectrum licensing, and next-gen connectivity technologies critical to assessing the company’s trajectory.
Viasat (NASDAQ: VSAT) has been awarded a contract to provide satellite communication services to the U.S. Marine Corps (USMC) following a successful pilot program. This contract extends Viasat's end-to-end managed service capabilities to the Marine Expeditionary Force (I MEF), enhancing command and control through a scalable and deployable SATCOM solution. The service includes features like seamless roaming and secure data custody, aimed at increasing operational readiness and flexibility for Marine forces. Viasat's solution focuses on ensuring reliable connectivity and real-time situational awareness, supported by a comprehensive network operations center.
Emerson has been selected as the lead automation contractor for the $6 billion integrated polymers project at Ras Laffan Petrochemical Complex in Qatar, a collaboration with Viasat Energy Services. This project, a joint venture between QatarEnergy and Chevron Phillips Chemical, aims to establish the largest ethane cracker in the Middle East with a capacity of 2.1 million tonnes of ethylene per year. Emerson will leverage advanced automation and analytics to ensure operational efficiency and safety, with the facility expected to commence operations in late 2026.
Viasat Inc. (NASDAQ: VSAT) has received a Validation of Supplemental Type Certificate (VSTC) from CAAC for its Ka-band satellite connectivity system, applicable to the Boeing 737 series. This follows prior certification for the A320 series and enables Viasat to equip over 75 percent of aircraft in China. Currently serving 18 airline customers globally, Viasat's system aims to enhance in-flight connectivity with features like video streaming and social media access. Sichuan Airlines is the first in China to implement this service, which has potential revenue benefits for airlines.
Viasat has successfully completed the sale of its Link 16 Tactical Data Links business to L3Harris Technologies for approximately $1.96 billion in cash. The expected net proceeds for Viasat are around $1.8 billion after taxes and fees. This divestiture aligns with Viasat's strategy to focus on global satellite services and supports the reduction of net debt and interest expenses, progressing towards positive free cash flow. The Link 16 TDL business generated about $400 million in revenue and $125 million in Adjusted EBITDA for the year ending June 30, 2022.
L3Harris Technologies (NYSE: LHX) has completed the acquisition of Viasat Inc.'s (NASDAQ: VSAT) Tactical Data Links product line, known as Link 16, for $1.96 billion. This acquisition is expected to enhance L3Harris's capabilities in resilient communication and networking, broadening their user base across multiple domains. The deal, originally announced in October 2022, received all necessary regulatory approvals by December 2022.
Viasat has been awarded a sole-source IDIQ contract worth up to $325 million over five years to support the U.S. Special Operations Command (SOCOM). This extends a previous contract valued at $350 million from 2017. The contract focuses on providing advanced communication services, enhancing situational awareness and operational capabilities for SOCOM. Viasat emphasizes its commitment to addressing the evolving needs of military forces in complex missions.
Viasat has received FAA approval for its Ka-band In-flight Connectivity (IFC) system for Gulfstream G450 aircraft, enhancing connectivity for over 300 aircraft in the market. This system supports video streaming, conferencing, and business applications during flights. Viasat's reliable network covers over 90% of business aviation routes, and service plans start at $9,995/month for uncapped data. The Ka-band system will also be compatible with Viasat's upcoming ViaSat-3 constellation, promising higher capacity broadband connectivity.
Sichuan Airlines has partnered with Viasat (NASDAQ: VSAT) and AeroSat Link to implement Viasat's In-Flight Connectivity (IFC) technology on its Airbus A320 fleet. This collaboration aims to provide passengers with high-speed internet access through China Satcom's Ka-band satellite network, enhancing the onboard digital experience. With the aviation sector in China rapidly growing, the initiative aligns with the demand for internet-enabled devices during flights. Viasat's technology promises to deliver performance comparable to ground services, positioning Sichuan Airlines as a leader in in-flight connectivity.
On December 14, 2022, Microsoft (NASDAQ: MSFT) and Viasat (NASDAQ: VSAT) announced a partnership aimed at expanding internet access globally, particularly serving 10 million people, including 5 million across Africa, by the end of 2025. This collaboration, part of Microsoft's Airband Initiative, seeks to deliver connectivity to underserved areas in countries like the Democratic Republic of the Congo, Nigeria, and Mexico. The initiative's goal includes providing internet access to a total of 250 million people worldwide by 2025, emphasizing digital equity and economic opportunity.
Granite Telecommunications has renewed its partnership with Viasat (NASDAQ: VSAT) to provide satellite-based internet service across the U.S. This collaboration aims to enhance broadband access, especially in underserved areas, catering to businesses and government agencies. Granite, a $1.8 billion company, serves over 650,000 locations, including two-thirds of Fortune 100 companies. Viasat's high-speed internet can be installed in 3-5 days, ensuring quick service for critical applications. Both companies highlight their commitment to bridging the digital divide.
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